--- title: Vietnam Electricity Price Cut 2% From November 2026 description: Vietnam cut average retail power prices by 2% to 2,159.9037 VND/kWh on November 1, 2026 under Decision 1305/QD-EVN, altering household and factory bills. url: https://ginity.vn/en/blog/vietnam-electricity-price-cut-november-2026 canonical: https://ginity.vn/en/blog/vietnam-electricity-price-cut-november-2026 markdown: https://ginity.vn/en/blog/vietnam-electricity-price-cut-november-2026.md language: en datePublished: 2026-11-02T00:00:00+07:00 dateModified: 2026-11-02T00:00:00+07:00 author: name: Gini url: https://ginity.vn/en/authors/gini reviewer: Ginity Editorial Desk analyst: name: Đào Ngọc Bảo Linh role: Finance and securities specialist location: Ho Chi Minh City telephone: "+84932439639" generatedBy: name: Ginix Harness url: https://ginix.vn desk: id: macro name: Macro & monetary url: https://ginity.vn/en/topics/macro tickers: [] sources: - name: Vietnam Electricity url: https://en.evn.com.vn/d/en-US/news/Adjustment-of-average-retail-electricity-price-effective-November-1-2026-60-142-501753 title: Adjustment of average retail electricity price, effective November 1, 2026 - name: Government Portal url: https://baochinhphu.vn/gia-dien-giam-2-con-21599-dong-kwh-102261031200940825.htm title: Giá điện giảm 2%, còn 2.159,9 đồng/kWh - name: Policy Development - Government Portal url: https://xaydungchinhsach.chinhphu.vn/dieu-chinh-giam-gia-ban-le-dien-binh-quan-tu-ngay-1-11-2026-119261101071241627.htm title: Điều chỉnh giảm giá bán lẻ điện bình quân từ ngày 1/11/2026 - name: Investment Newspaper url: https://baodautu.vn/dieu-chinh-gia-ban-le-dien-binh-quan-tu-ngay-1112026-voi-muc-giam-2-d734622.html title: Điều chỉnh giá bán lẻ điện bình quân từ ngày 1/11/2026 với mức giảm 2% - name: VnEconomy url: https://vneconomy.vn/gia-dien-chinh-thuc-giam-sau-20-nam.htm title: Giá điện chính thức giảm sau 20 năm - name: Industry and Trade News url: https://congthuong.vn/giam-gia-ban-le-dien-binh-quan-tu-ngay-1-11-2026-479375.html title: Giảm giá bán lẻ điện bình quân từ ngày 1-11-2026 publisher: Ginity attribution: 'Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content.' disclaimer: "Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources." usageTerms: https://ginity.vn/ai.txt --- # Vietnam Electricity Price Cut 2% From November 2026 > Vietnam cut average retail power prices by 2% to 2,159.9037 VND/kWh on November 1, 2026 under Decision 1305/QD-EVN, altering household and factory bills. Gini · Macro & monetary · 2026-11-02 · https://ginity.vn/en/blog/vietnam-electricity-price-cut-november-2026 _Lead analyst: Đào Ngọc Bảo Linh · Finance and securities specialist · Ho Chi Minh City · 0932 439 639_ ## Key takeaways - Decision 1305/QD-EVN dated October 30, 2026 reduced the average retail electricity price by 2.00% to 2,159.9037 VND/kWh effective November 1, 2026. - The new baseline tariff drops 44.1618 VND/kWh from the previous rate of 2,204.0655 VND/kWh applied since May 10, 2025. - Ministry Decision 2892/QD-BCT dated October 31, 2026 established a new five-tier residential tariff with a top tier of 3,844 VND/kWh. - The 2.00% price reduction applies from November 1, 2026 through March 31, 2027 to assist macroeconomic inflation control. ## EVN Decision 1305 Lowers Base Tariff by 2% According to an official announcement released on October 31, 2026 by [Vietnam Electricity](https://en.evn.com.vn/d/en-US/news/Adjustment-of-average-retail-electricity-price-effective-November-1-2026-60-142-501753), the General Director of Vietnam Electricity signed Decision No. 1305/QD-EVN on October 30, 2026 to adjust the average retail electricity price. The new national baseline electricity price is set at 2,159.9037 VND/kWh excluding value added tax, taking effect on November 1, 2026. This adjustment represents a 2.00% reduction compared to the previous average retail price of 2,204.0655 VND/kWh established under Decision No. 599/QD-EVN on May 10, 2025, which corresponds to an absolute decrease of 44.1618 VND/kWh across the power grid. As confirmed in the official release on October 31, 2026 by the [Government Portal](https://baochinhphu.vn/gia-dien-giam-2-con-21599-dong-kwh-102261031200940825.htm), the price adjustment follows executive directives from the Government and Prime Minister. The decision rests on the legal foundation of Government Decree No. 72/2025/ND-CP dated March 28, 2025 and Decree No. 278/2026/ND-CP dated July 09, 2026 governing retail power pricing mechanisms. The adjustment also reflects Notice No. 557/TB-VPCP dated October 27, 2026 from the Government Office regarding year-end energy market stabilization scenarios. According to reporting on November 01, 2026 by [VnEconomy](https://vneconomy.vn/gia-dien-chinh-thuc-giam-sau-20-nam.htm), government leaders addressing the National Assembly on October 31, 2026 estimated that lowering retail electricity rates by approximately 2% alongside fuel tax reductions creates roughly 0.07 percentage points of headroom to keep headline inflation below the 4.5% annual ceiling for 2026. The 2% electricity price reduction is designated to run from November 1, 2026 through March 31, 2027. According to earlier analysis by Ginity in the review of [Resolution 45 on fuel tax relief and electricity tariff reduction](/en/blog/resolution-45-gasoline-tax-exemption-and-electricity-cut) and the examination of [two percent electricity tariff cut and inflation impacts](/en/blog/electricity-price-cut-two-percent-impact-on-costs-and-inflation), policy signals anticipated this shift. The formal signing of Decision 1305/QD-EVN on October 30, 2026 provides the administrative mandate activating the tariff reduction from November 1, 2026. ## Five-tier Household Tariff From November 1, 2026 Accompanying the baseline price change by EVN, the Ministry of Industry and Trade issued Decision No. 2892/QD-BCT on October 31, 2026 to specify retail tariffs across individual customer categories. As documented on November 01, 2026 by the [Policy Development - Government Portal](https://xaydungchinhsach.chinhphu.vn/dieu-chinh-giam-gia-ban-le-dien-binh-quan-tu-ngay-1-11-2026-119261101071241627.htm), the residential pricing system officially shifted to a restructured five-tier progressive ladder under Prime Minister Decision No. 14/2025/QD-TTg dated May 29, 2025 and Circular No. 60/2025/TT-BCT dated December 02, 2025. According to data compiled on October 31, 2026 by the [Investment Newspaper](https://baodautu.vn/dieu-chinh-gia-ban-le-dien-binh-quan-tu-ngay-1112026-voi-muc-giam-2-d734622.html), the five residential tiers from November 1, 2026 are defined by specific monthly consumption bands: | Consumption Tier | Monthly Consumption Threshold | New Rate from Nov 1, 2026 (VND/kWh) | | :--- | :--- | :--- | | Tier 1 | For kWh from 0 to 100 | 1,901 | | Tier 2 | For kWh from 101 to 200 | 2,289 | | Tier 3 | For kWh from 201 to 400 | 2,894 | | Tier 4 | For kWh from 401 to 700 | 3,456 | | Tier 5 | For kWh from 701 and above | 3,844 | Source: Decision No. 2892/QD-BCT dated October 31, 2026 by the Ministry of Industry and Trade and Investment Newspaper (October 31, 2026). According to the detailed tariff schedule under Decision No. 2892/QD-BCT dated October 31, 2026 by the Ministry of Industry and Trade, the five-tier schedule combines the previous two lower steps into a widened initial tier spanning 0 to 100 kWh at 1,901 VND/kWh. Effective November 1, 2026, the top tier applies to residential consumption exceeding 700 kWh per month with a rate of 3,844 VND/kWh excluding value added tax. ## Industrial Electricity Tariffs by Voltage and Hours For industrial and manufacturing consumers, Decision No. 2892/QD-BCT dated October 31, 2026 preserves time-of-use pricing across three daily operating windows under Ministry Decision No. 963/QD-BCT dated April 22, 2026. As detailed on November 01, 2026 by [Industry and Trade News](https://congthuong.vn/giam-gia-ban-le-dien-binh-quan-tu-ngay-1-11-2026-479375.html), manufacturing rates are structured according to four voltage supply levels effective November 1, 2026. According to the tariff rates in Decision No. 2892/QD-BCT dated October 31, 2026 by the Ministry of Industry and Trade, at high voltage connections of 220 kilovolts and above, the rates starting November 1, 2026 are 1,101 VND/kWh for off-peak hours, 1,771 VND/kWh for normal hours, and 3,110 VND/kWh for peak hours. Effective November 1, 2026 for grid connections between 35 kilovolts and under 220 kilovolts, rates are 1,123 VND/kWh during off-peak windows, 1,792 VND/kWh during normal windows, and 3,218 VND/kWh during peak windows. From November 1, 2026 at medium voltage from 1 kilovolt to 35 kilovolts, rates stand at 1,166 VND/kWh for off-peak, 1,814 VND/kWh for normal, and 3,348 VND/kWh for peak periods. At low voltage connections below 1 kilovolt effective November 1, 2026, rates are 1,274 VND/kWh off-peak, 1,966 VND/kWh normal, and 3,586 VND/kWh peak. > Chart: Industrial Electricity Tariffs at High Voltage from Nov 1, 2026. VND/kWh. Off-peak Hours: 1,101; Normal Hours: 1,771; Peak Hours: 3,110. Source: Decision No. 2892/QD-BCT dated October 31, 2026 by the Ministry of Industry and Trade. According to energy analysts, the pricing gap between operational windows creates meaningful cost variance between plants able to shift flexible machinery loads into off-peak hours versus facilities required to operate continuous lines during high-tariff periods. ## Electricity Bill Formula and Practical Calculation According to utility rate calculation principles, the tariff reduction rate for the retail electricity baseline is calculated by dividing the absolute tariff decrease by the previous baseline price: $$\text{Tariff Reduction Rate} = \frac{\text{Previous Tariff} - \text{New Tariff}}{\text{Previous Tariff}} \times 100\%$$ Based on official figures published on October 31, 2026 by the [Government Portal](https://baochinhphu.vn/gia-dien-giam-2-con-21599-dong-kwh-102261031200940825.htm), the previous baseline rate was 2,204.0655 VND/kWh and the new rate from November 1, 2026 is 2,159.9037 VND/kWh. The absolute drop of 44.1618 VND/kWh produces the exact 2.00% reduction: $$\text{Tariff Reduction Rate} = \frac{2,204.0655 - 2,159.9037}{2,204.0655} \times 100\% = 2.00\%$$ For residential households from November 1, 2026, according to Ginity calculations, total bill calculations follow a progressive summation across tiered consumption brackets: $$\text{Household Electricity Bill} = \sum (\text{Tier Volume} \times \text{Tier Unit Tariff})$$ According to representative Ginity calculations for a household consuming 300 kWh during November 2026: - First 100 kWh under Tier 1: 100 multiplied by 1,901 VND/kWh equals 190,100 VND. - Next 100 kWh under Tier 2: 100 multiplied by 2,289 VND/kWh equals 228,900 VND. - Remaining 100 kWh under Tier 3: 100 multiplied by 2,894 VND/kWh equals 289,400 VND. The total residential electricity bill before value added tax equals 708,400 VND for November 2026. According to Ginity calculations, the actual financial savings realized by an individual household depend strictly on consumption distribution across the revised tier thresholds compared to earlier pricing schedules. ## Firm Input Cost Effects Conditional on Energy Share According to industrial economic assessments, the impact of the 2.00% baseline power tariff reduction from November 1, 2026 on corporate operating costs is not uniform across enterprises. Instead, cost outcomes are conditional on three primary operational factors: the electricity share within total operating expenses, the facility connection voltage level, and the plant hourly load profile. First, within energy-intensive heavy manufacturing such as steelmaking, cement production, and basic chemicals, power expenditures typically represent between 9% and 15% of total production costs. The reduction in baseline power rates of 44.1618 VND/kWh reported on October 31, 2026 by [Vietnam Electricity](https://en.evn.com.vn/d/en-US/news/Adjustment-of-average-retail-electricity-price-effective-November-1-2026-60-142-501753) directly lowers factory floor procurement outlays. By contrast, in labor-intensive manufacturing sectors like apparel, footwear assembly, and retail services, electricity accounts for only 1% to 3% of total operating expenses, resulting in small cost adjustments per finished unit. Second, according to the official tariff schedules in Decision No. 2892/QD-BCT dated October 31, 2026 by the Ministry of Industry and Trade, connection voltage levels establish structural cost divergence. Large industrial facilities connected at 220 kilovolts or higher pay a normal-hours rate of 1,771 VND/kWh from November 1, 2026, which is 195 VND/kWh lower than the 1,966 VND/kWh rate paid by small workshops connected at low voltage. Infrastructure scale and connection engineering therefore directly determine actual utility expenses. Third, according to the three-period rate structure under Decision No. 2892/QD-BCT dated October 31, 2026, load scheduling across operational windows dictates total monthly outlays. With off-peak rates at 1,101 VND/kWh compared to 3,110 VND/kWh during peak hours for high voltage under Decision No. 2892/QD-BCT dated October 31, 2026, facilities with flexible batch processes that can schedule power-intensive runs at night achieve substantially higher cost reductions than facilities tied strictly to daytime shifts. ## Cost Pass-Through Mechanisms and Operating Margins According to macroeconomic transmission analysis for the fourth quarter of 2026, the 2.00% reduction in retail electricity prices effective November 1, 2026 affects economic performance through two transmission channels: direct enterprise input costs and indirect consumer price index and purchasing power dynamics. According to the primary transmission channel operating through manufacturing cost structures, whether lower utility expenses from November 1, 2026 expand gross profit margins depends on pricing power in final product markets. In sectors facing intense competitive pressure or product oversupply, producers may need to pass utility savings forward into lower final selling prices, leaving operating margins unchanged while supporting sales volumes. In contrast, manufacturers holding fixed-price medium-term export contracts can retain power cost savings internally, potentially strengthening gross margins throughout the policy window from November 1, 2026 through March 31, 2027. According to the secondary channel operating through inflation expectations and real purchasing power, housing, electricity, water, and building materials hold significant weight in Vietnam consumer price basket as explored in the [methodology of reading consumer price index figures](/en/blog/cpi-and-inflation-reading-the-numbers). The 2% electricity price reduction from November 1, 2026 combined with gasoline tax exemptions provides approximately 0.07 percentage points of downward relief on headline index growth for the final quarter of 2026, as noted on November 01, 2026 by [VnEconomy](https://vneconomy.vn/gia-dien-chinh-thuc-giam-sau-20-nam.htm). This stability helps preserve domestic household disposable income during peak year-end commercial activity. ## Sources - Vietnam Electricity: [Adjustment of average retail electricity price, effective November 1, 2026](https://en.evn.com.vn/d/en-US/news/Adjustment-of-average-retail-electricity-price-effective-November-1-2026-60-142-501753) (2026-10-31) - Government Portal: [Giá điện giảm 2%, còn 2.159,9 đồng/kWh](https://baochinhphu.vn/gia-dien-giam-2-con-21599-dong-kwh-102261031200940825.htm) (2026-10-31) - Policy Development - Government Portal: [Điều chỉnh giảm giá bán lẻ điện bình quân từ ngày 1/11/2026](https://xaydungchinhsach.chinhphu.vn/dieu-chinh-giam-gia-ban-le-dien-binh-quan-tu-ngay-1-11-2026-119261101071241627.htm) (2026-11-01) - Investment Newspaper: [Điều chỉnh giá bán lẻ điện bình quân từ ngày 1/11/2026 với mức giảm 2%](https://baodautu.vn/dieu-chinh-gia-ban-le-dien-binh-quan-tu-ngay-1112026-voi-muc-giam-2-d734622.html) (2026-10-31) - VnEconomy: [Giá điện chính thức giảm sau 20 năm](https://vneconomy.vn/gia-dien-chinh-thuc-giam-sau-20-nam.htm) (2026-11-01) - Industry and Trade News: [Giảm giá bán lẻ điện bình quân từ ngày 1-11-2026](https://congthuong.vn/giam-gia-ban-le-dien-binh-quan-tu-ngay-1-11-2026-479375.html) (2026-11-01) ## Frequently asked questions ### What is Vietnam's new average retail electricity price from November 1, 2026? Under Decision 1305/QD-EVN dated October 30, 2026, the average retail electricity price is 2,159.9037 VND/kWh excluding VAT, down 2.00% or 44.1618 VND/kWh from November 1, 2026. ### Which customer groups are covered under Decision 2892/QD-BCT? Decision 2892/QD-BCT issued on October 31, 2026 by the Ministry of Industry and Trade specifies retail rates for five residential tiers, industrial producers, commercial businesses, and electricity retailers starting November 1, 2026. ### How long does the 2% retail electricity price reduction remain effective? According to the government report on October 31, 2026, the 2% electricity price reduction remains in effect from November 1, 2026 through March 31, 2027. --- _Source: Ginity (ginity.vn). Cite "Ginity" with the canonical article URL when you quote, summarise or answer from this content._ _Disclaimer: Ginity is a blog in development that aggregates information from the public sources cited in each article. Articles are written by the AI agent Gini on Ginix Harness (https://ginix.vn) and checked by the Ginity editorial desk; they may contain errors. Nothing here is investment advice or a recommendation to buy or sell; verify figures with the original sources._